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Feb 9, 2013
02/13
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united states again i haven't detected any new kind of and you know with cousins i've had with the u.s. administration in recent times. what i'm working with down on the consequences of britain coming out. more than will be the debate. now that i friend i'm holding a referendum and trying to seventeen or whatever it can be held and i will be well the debates will be about have surely some considerations been given in the home office. as to what the consequences would be for great britain. was that to be a very thin favour of coming up with a pharmacist to work on those products as i was talking about. they agreed program of the coalition government. i did a full program of what become your colleagues official here will test the problems i should let them to follow i don't have the money simply president to get that effect. it's a very poor man to do that job that judgment about a consequence of leaving the european political debate in the future. at the time of a referendum and of course. if the prime minister addressed this in power and his state. when the brief analysis of the speech
united states again i haven't detected any new kind of and you know with cousins i've had with the u.s. administration in recent times. what i'm working with down on the consequences of britain coming out. more than will be the debate. now that i friend i'm holding a referendum and trying to seventeen or whatever it can be held and i will be well the debates will be about have surely some considerations been given in the home office. as to what the consequences would be for great britain. was...
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Feb 12, 2013
02/13
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not in the u.s. >> don't you love what the japanese are doing? depreciating, saving the world from deflation? >> debasing the currency? >> it's the right thing to do. >> i'm not in favor of debasing the currency. you're a money shufflers. >> i am a money shufflers. or used to be. i think they're saving the world economy by doing this. >> well, i own shares and they're making them go through the roof. i guess in that sense i have to say thank you. but debasing money and printing money is not a good thing. you sound like dr. bernanke. all you guys that went to princeton sound the same. >> i hate to do that, but he's right about japan. bob, welcome back. a lot of business people. big front page story today. a lot of business people not optimistic about the market as some investors are. this article suggests that -- earnings won't either. your take? >> i think it's a mixed bag in a muddle through kind of economy. and we're now looking at businesses who have tons of cash, arguably half of corporate america's balance sheets has never been stronger. and
not in the u.s. >> don't you love what the japanese are doing? depreciating, saving the world from deflation? >> debasing the currency? >> it's the right thing to do. >> i'm not in favor of debasing the currency. you're a money shufflers. >> i am a money shufflers. or used to be. i think they're saving the world economy by doing this. >> well, i own shares and they're making them go through the roof. i guess in that sense i have to say thank you. but debasing...
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Feb 28, 2013
02/13
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the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick move here-to-date. the s&p coming in today was up 6.5% in two months. that's a great annualized return so the markets ebb and flow, but the fact is the market is going to go the direction of the economy, and the economy is stabilizing and will start to accelerate. >> i don't know that it's stabilizing. you make a lot of good points because we do see the spots of weakness and anemic growth in a lot of areas except for housing which continues to show strength which darryl correctly points out. let me get your talk on interest rates. when would you expect rates to start movi
the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick...
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Feb 11, 2013
02/13
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the u.s. struggling with extreme weather. >> digging out from nemo, residents and u.s. businesses hope to resume to normal business after mother nature dumped nearly three feet of snow in some areas. >>> and ben affleck's iran hostage drama "argo" picks up the best film accolade. daniel day-lewis wins best actor. >>> we're up for another week. we might do what they did and share the love around. >> i read the reports. we're going to talk about it later. there was no one dominant film. >> i thought it was interesting that "argo" won best picture? it was a great movie, but best movie? really? is that the -- >> "lincoln" only got -- sometimes they're quite clued up. the nominations were very similar. do you think lincoln would do better than it did. >> daniel day-lewis picked up an award. help recap for those of us who didn't catch the whole thing or any of it, frankly, but yeah, britain's big film night. now it's time for the u.s. in a couple of weeks. >> besides that, plenty of other things we'
the u.s. struggling with extreme weather. >> digging out from nemo, residents and u.s. businesses hope to resume to normal business after mother nature dumped nearly three feet of snow in some areas. >>> and ben affleck's iran hostage drama "argo" picks up the best film accolade. daniel day-lewis wins best actor. >>> we're up for another week. we might do what they did and share the love around. >> i read the reports. we're going to talk about it later....
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Feb 11, 2013
02/13
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u.s. with everybody is buying hand over fist. i've been doing it a long time and i'm still conflicted. i know these corporations have been showing better results. but at the end of the day, we still have qe because of no growth. >> rebecca patterson would tell you you have just enough growth, actually, you have a wonderful spot where it's just weak enough where the fed keeps their foot on the pedal and that's why it's the perfect moment, at least now, for the market. >> i guess it's that little circle we used to have on our baseball bats. we have to be careful about that thing cracking in half. that's what i think a sweet spot is. here we are, you have a 7.9% rate. i can debate all long about whether the housing market is getting better or not. that's the reason why we have this influx of qe. why would we be without qe? ultimately, it's all about growth and we just don't have it. here we go, the stocks are full steam ahead. i can't tell my customers not be on board, but i can tell them not
u.s. with everybody is buying hand over fist. i've been doing it a long time and i'm still conflicted. i know these corporations have been showing better results. but at the end of the day, we still have qe because of no growth. >> rebecca patterson would tell you you have just enough growth, actually, you have a wonderful spot where it's just weak enough where the fed keeps their foot on the pedal and that's why it's the perfect moment, at least now, for the market. >> i guess it's...
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Feb 26, 2013
02/13
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. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are chasing yields so it's having -- still a dividend over the woman of years. i wand to talk about acquisitions. >> this value game is focused on taking the money back. how about expanding the money share. how about sitting with china mobile. can't make a deal because they are worried about subsidies. they are getting hurt over there becauses prooit prices are too high. how about an iphone mini or iphone 5s. samsung has a new device coming out and will kill them off europe in europe. >> mostly invested in apple because for ten years i've owned all their products and it worries me when the value guys are circling. will the c
. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are...
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Feb 11, 2013
02/13
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shares of u.s. air, the expectation the merger could be announced this week between american airlines. it continues to climb in today's session, up slightly. lowe's having after-effects of superstorm sandy. we want to touch on colgate palmolive. the company said in the first quarter it's going to have to take a 25 cents hit because the devaluation of the venezuelan currency. it receives about 5% of its sales from venezuela. after the first quarter will it take a hit of 5 cents to 7 cents a share for the rest of the year because of the devaluation. we want to touch on gold. sharon epperson will have more on this later. it's trading lower. keeping pressure on the gold stocks today. they're all weaker across the board. the dow off about 38 points. carl, back to you. >> mary, thank you so much. let's head uptown to the nasdaq and check in with seema mody. >> good morning, carl. let's start with blackberry. we're seeing shares drop at the open. the company has reportedly lost a significant enterprise cus
shares of u.s. air, the expectation the merger could be announced this week between american airlines. it continues to climb in today's session, up slightly. lowe's having after-effects of superstorm sandy. we want to touch on colgate palmolive. the company said in the first quarter it's going to have to take a 25 cents hit because the devaluation of the venezuelan currency. it receives about 5% of its sales from venezuela. after the first quarter will it take a hit of 5 cents to 7 cents a...
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Feb 21, 2013
02/13
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sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the product they are selling, groupon goods, tend to lower margin. the one risk is we think this is positive for revenue but that drives the stock higher. one of the concerns we have is goods number means for the overall gross margin. >> groupon has been a push company. they fill your in box with stuff. fewer people are checking them out. it's trying to become a pull company, a mobile company. is it doing it well, gene, and is groupon the same company it was 12 months ago? >> it's a different company than it was 12 months ago, and i think that w
sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the...
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Feb 25, 2013
02/13
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it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had hoped. they expected at this point we would have conclusive results out of the i tal yn election. we do not have conclusive results at this point and it is possible that italians may have to vote again for a new prime minister if we don't get an answer in this round. here's what the markets thought would happen. they thought a guy named louigi berosoni, who most americans haven't heard of, would win. and that silvio burr burr le /*y scony would come in 1ekd. he may not have any seats in the government. the mario monti part is crucial because he was sup
it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had...
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Feb 26, 2013
02/13
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the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these annual figures will be released by the energy department later this week. that report in the ft today. take a look how crude is trading, down $0.67 at 92.44. forget all the recent hoopla about a comeback for u.s. automakers, forget some of it at least. less than an hour ago consumer reports released its annual list of where it ranks top models and brands. lo and behold this year there are no american cars in the top ten on quality rankings. phil lebeau in chicago with the sobering news for the big three. phil. >> this is a case where reliability is slipping
the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these...
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Feb 7, 2013
02/13
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the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> down 94. were in triple digits earlier. it is february. what does this expect? it is snow and two storms are heading towards the northeast. they may merge and become a doozy beginning fr
the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep...
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Feb 8, 2013
02/13
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>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and kelly, let me give you the whole story. the lawsuit was filed by three former ubs clients in the u.s. they evaded taxes with the help of ubs. then they paid back their taxes plus a 20% fine when they took part in an irs amnesty a couple years ago. then they tried to recover some of those damages claiming that ubs failed to tell them that they actually needed to disclose those ubs accounts. by failing to do that, obviously, they committed tax evasion. but, again, the appeals court has thrown out that lawsuit and saying the p
>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and...
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Feb 22, 2013
02/13
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u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the last couple of days today. it's adding 0.3%. 1.3233. we saw it jump up nearly 0.4% after that ifo data. the dollar/yen, the yen is weakening again today within adding about 0.4%. so we'll see what impact that has had on trade across asia. let's get straight to li sixuan for more. hi, sixuan. >> thank you, kelly. asian markets wrapped up the wobbly week on a mixed noed note. the shanghai composite lost 0.5% today and slumped nearly 5% on the first trading week on the year of snake. investors cautious
u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the...
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Feb 12, 2013
02/13
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but the u.s. economy and u.s. consumer spend feels stable to me. >> so, the increase of the payroll taxes and things like that don't seem to have an impact on businesses like yours or it's just too soon to tell? >> i think it's really too soon to tell. and in aggregate, if you look at the overall numbers and the forecast, i think stable, not exceptional growth, but stable growth in the u.s. and obviously europe is a little weaker and as an outlook. >> you worried about what's going on in europe? that europe is going to rear its ugly head yet again? >> well, i think everyone's got to worry about europe to some extend. but i think, like many countries and many governments, once forced to deal with issues, they'll be dealt with. so, i'm sort of, cautiously optimistic, maybe cautiously cautious about europe. >> great to speak with you. >> nice to be here. >> melissa, back to you. he's the cover boy, so -- we'll hope there's no cover jinx. >> all right, thank you very much, scott wapner. good work all day out at the go
but the u.s. economy and u.s. consumer spend feels stable to me. >> so, the increase of the payroll taxes and things like that don't seem to have an impact on businesses like yours or it's just too soon to tell? >> i think it's really too soon to tell. and in aggregate, if you look at the overall numbers and the forecast, i think stable, not exceptional growth, but stable growth in the u.s. and obviously europe is a little weaker and as an outlook. >> you worried about what's...
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Feb 7, 2013
02/13
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>> about 70% non-u.s. buying. >> in bell what are for? >> coming from latin america, canada, it's amazing. it's a u.n. of people with affluence coming into that market. >> only 30% american? w too, right? >> it's right down the street. >> it's a quandary. i was so glad you said you wanted to come on the show. you may be the largest. thanks to the president and ceo of starwood hotels. it's hot. it's going to get hotter. stay with cramer. >>> coming up -- can you handle the heat? cramer gets you fired up for a searing hot "lightning round." all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> it is time, it is time for the "lightning round." what's -- and the question at a time. my staff does this on the fly. we have this sound and then the "lightn
>> about 70% non-u.s. buying. >> in bell what are for? >> coming from latin america, canada, it's amazing. it's a u.n. of people with affluence coming into that market. >> only 30% american? w too, right? >> it's right down the street. >> it's a quandary. i was so glad you said you wanted to come on the show. you may be the largest. thanks to the president and ceo of starwood hotels. it's hot. it's going to get hotter. stay with cramer. >>> coming up...
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Feb 21, 2013
02/13
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Feb 4, 2013
02/13
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the u.s. this is not just a uk issue. it seems around the world, there is no appetite. but practically speaking, what will be the impact of this? >> i think of two elements. retailers have pretty much moved to very high margines and this product. those products are not necessarily totally restricted, but it's nothing like what is available in the early part of the season. you've got high margins, retail banking creating a lot of cash flow, but it's a very, very low growth business. you can't grow the business so far, your return will be 7%, 8%, 9% yield as an investor. the trick side is, how do you get from where you are to where you should be or where you're being told to be? i think in rbs's case, there's a better chance of getting there quicker. >> we'll leave it there. spanish prime minister march anna rajoy is meeting with angela merkel today in berlin. this ahead of parliament talks. this comes amid a corruption scandal at home that has called widespread calls for his resignation. he cam
the u.s. this is not just a uk issue. it seems around the world, there is no appetite. but practically speaking, what will be the impact of this? >> i think of two elements. retailers have pretty much moved to very high margines and this product. those products are not necessarily totally restricted, but it's nothing like what is available in the early part of the season. you've got high margins, retail banking creating a lot of cash flow, but it's a very, very low growth business. you...
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Feb 22, 2013
02/13
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>> yeah, i think that the u.s. situation is actually easier to be more relaxed about than the overseas one. although the overseas one is where the value is. so let's deal with the u.s. first. i do think that the -- i mean, let's understand what we're talking about growth. simon, you and i have had this conversation. i think we're talking about small amounts of growth. but i do believe that in the last quarter of last year, the first quarter of this year, you're going to see the slowest period in u.s. growth and you won't see the u.s. go into recession. outside of the u.s., you've had some very, very stimulative measures in japan, and there is a -- because that market has been the real winner, particularly if you haven't known the yen, the nikkei has been on fire. i think there's a lot of expectation for growth coming through in japan. and that really needs to be fulfilled in order for japan to go much higher. and finally, you've got china. i think that's probably where the biggest change is occurring, because there
>> yeah, i think that the u.s. situation is actually easier to be more relaxed about than the overseas one. although the overseas one is where the value is. so let's deal with the u.s. first. i do think that the -- i mean, let's understand what we're talking about growth. simon, you and i have had this conversation. i think we're talking about small amounts of growth. but i do believe that in the last quarter of last year, the first quarter of this year, you're going to see the slowest...
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Feb 11, 2013
02/13
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the u.s. government versus standard & poor's. the most aggressive move yet to hold accountable a company at the center of the financial melt down of 2008. the $5 billion civil suit charges s&p intended to defraud investors by giving securities created from subprime loans aaa ratings they didn't deserve. the attorney says not so fast. >> the government has to show in this case not that a lot of people lost money because of the investments. government has to show the s&p literally disbelieved its ratings. >> meanwhile it was a choppy week for the markets. the dow with the worst day of the year monday falling triple digits and getting most of it back on tuesday. market residence bounded later in the week. what's next? >> i think we'll have a correction. the market started with investors complacent. now they are almost euphoric. everybody you have on the program thinks the market is going higher. the market, when it has a good january usually has a great year. there is a feeling of comfort. we hav
the u.s. government versus standard & poor's. the most aggressive move yet to hold accountable a company at the center of the financial melt down of 2008. the $5 billion civil suit charges s&p intended to defraud investors by giving securities created from subprime loans aaa ratings they didn't deserve. the attorney says not so fast. >> the government has to show in this case not that a lot of people lost money because of the investments. government has to show the s&p...
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Feb 14, 2013
02/13
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u.s. >> and in the u.s., the bardesbond in, the rooms start at 600 and go up to $1,200. >> they bottle that, it's called wine. thanks so much. happy valentine's day, everybody. no matter what you do, enjoy it. thanks for watching "street signs." >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at new york stock exchange. this market fighting for a close in positive territory, brill. >> the dow is fighting. got the s&p and nasdaq positive, but we're kicking off the final hour watching other stories as well right now, including a huge day for mergers. warren buffett buys heinz. american/usairways form the biggest airline in the world, but so far the stock market seems unimpressed. what message is that saying about where our economy is right now? we'll look at that coming up. >> a lot of implications to see this deal flow pick up steam early in the year. more signs though that the individual investor is dipping his or her toes back into the sto
u.s. >> and in the u.s., the bardesbond in, the rooms start at 600 and go up to $1,200. >> they bottle that, it's called wine. thanks so much. happy valentine's day, everybody. no matter what you do, enjoy it. thanks for watching "street signs." >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at new york stock exchange. this market fighting for a close in positive territory, brill. >> the dow is...
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Feb 1, 2013
02/13
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maybe the u.s. government should do that. let's take medicare and medicaid and put them all into the state exchanges. the problem is you can't pay that. >> you can't. can't afford it. >> i'll give you last word on this, phil. >> it looks like this is turning into an effort to blame unions for the health care mess that we have been in for a long time. we spend more money in health care than any country with mediocre outcomes. it would have been nice if the republicans, when they were in charge of the white house for many years, tackle this problem. >> i agree with you on that. in that sense, i'm not going to be partisan. now that the labor union democratic supporters of obama read the fine print, and we all get a taste of the cost overruns and the potential tax hikes, people are going to go nuts over this. they're not going to buy into it. i got to get out of here. grace-marie, phil, appreciate it. we're just about an hour away from a program here on cnbc that people are just dying the see. it's all about the big bucks and big
maybe the u.s. government should do that. let's take medicare and medicaid and put them all into the state exchanges. the problem is you can't pay that. >> you can't. can't afford it. >> i'll give you last word on this, phil. >> it looks like this is turning into an effort to blame unions for the health care mess that we have been in for a long time. we spend more money in health care than any country with mediocre outcomes. it would have been nice if the republicans, when...
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Feb 22, 2013
02/13
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the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be speaking at a forum in new york. you don't have to wait until then to get inside scoop on the central bank. james bullard will be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room an
the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be...
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Feb 28, 2013
02/13
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-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5 million. so about a quarter of people who are unemployed get the benefit. so this is not a country where you can sit on the couch -- >> the reason that we're worried -- connect the dots in italy why we're now worried. the labor reforms that were going to happen based on having a stable government are not going to happen now and you're going to be stuck with no growth for 20 years. we don't want a labor situation -- >> italy had no growth for 15 years and everyone thought berlusconi was -- >> we don't want any of that. because, you can never -- you c
-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5...
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Feb 5, 2013
02/13
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u.s. >>> and shares in virgin media rally after an offer for a takeover that could value the uk cable operator at $20 billion. >> all right. welcome to tuesday. >> it's get together tuesday. coordinated, as well. >> the final print for the eurozone is finally come in, 48.6, a little better than the forecast of 48.2. >> may i just say, though, the employment index, look at that, 46.1, which is just barely better than the flash estimate but still the lowest since december 2009. on a downward trajectory. it's not germany where the final composite was 54.4. it's the periphery still. france's final january pmi falls to 46.1. >> france is where the concern is. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and th
u.s. >>> and shares in virgin media rally after an offer for a takeover that could value the uk cable operator at $20 billion. >> all right. welcome to tuesday. >> it's get together tuesday. coordinated, as well. >> the final print for the eurozone is finally come in, 48.6, a little better than the forecast of 48.2. >> may i just say, though, the employment index, look at that, 46.1, which is just barely better than the flash estimate but still the lowest since...
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Feb 6, 2013
02/13
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the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the threat of global warming, and provide unlimited power. >> for example, the laptop would come pre-charged with all of the energy that you would ever intend to use. >> automobiles? >> same. [ticking] >> they've constructed one of the largest, most sophisticated machines ever built to try and replicate what the universe was like just a few nanoseconds after it was created. >> why do you want to do that? >> why wouldn't you want to know that? >> well, you'd want to know it, but, you know, spending $8 billion to find o
the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the...
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Feb 15, 2013
02/13
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whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does pro
whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is...
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Feb 25, 2013
02/13
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>> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks of some u.s. banks and are operating inside u.s. electrical grids, mapping out our networks and presumably leaving behind malicious software that could be used to sabotage the system. can a penetrator or a perpetrator leave behind-- >> yes. >> little things that will allow them to be there and watch and look and listen? >> any successful penetration has the potential for leaving behind a capability. >> do we believe that there are--that governments have planted code in the power grid? >> steve, i would be shocked if we were in a situation where tools and capabilities and techniques have not been left in u.s. computer and information systems. >> of all the critical components in the u.s. infrastructure, the power grid is one of the most vulnerable to cyber attack. that's because the power grid is run and regulated by private utilities, which are unbeholden to governmen
>> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks of some u.s. banks and are operating inside u.s. electrical grids, mapping out our networks and presumably leaving behind malicious software that could be used to sabotage the system. can a penetrator or a perpetrator leave behind-- >> yes. >> little things that will allow them to be there and watch and look and listen?...
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Feb 4, 2013
02/13
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u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes were headed for lebanon. you can see right now, crude oil prices down by about 11%. 96.85. and, steve, i'll send it over to you. >> we'll talk to boeing about compensation for the grounding of the dreamliner. it estimates it will cost nearly $8el million through tend of march. barclay's finance director chris lucas and the bank's top legal expert are set to retire. the departures add to change at the top as the financial giant struggles to put disasters behind it. resimple in moment will officially beco
u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes...
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Feb 6, 2013
02/13
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the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office could be eliminating or cutting back deliveries on saturday. we'll explain. they carry the official announcement at 10:00 a.m. this morning. >>> we start with disney. shares rising pre-market, set to open at all-time highs at fiscal fourth quarter profits beat the markets. growing attendance at the theme parks. real news came during bob iger's interview with our own julia boorstin. >> in fact, we are working on a few stand-alone films. larry kazden and simon ginberg are working on films derived on "star wars" characters that are not part of
the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office...
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Feb 13, 2013
02/13
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labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of costco. senator marco rubio interrupted his official gop response as you know by taking a sip of water from that poland spring bottle. less than a week after tweeting his frustrations with apple and making a pitch for samsung. other than samsung and poland spring, what product would the senator be a perfect spokesperson for and why? tweet us @squawkstreet, your answers are next. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through
labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of...
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Feb 6, 2013
02/13
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you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >> let get reaction on the visa numbers. joining me to talk more about that in terms of reaction is gill laurier of webbush. thanks for seeing you. >> thanks for having me. >> what's your take on this, 182, 2.85 billion revenue? >> i'm most impressed by the upside to revenue. it means that the visa is still growing more on the 11%, 12% range as they did last year as opposed to slowing down to the 10%, 11% which we were previously expecting and i think master card is on the way to doing. that upside is impressive, and with their very high oper
you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >>...
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Feb 20, 2013
02/13
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the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high.
the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's...
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Feb 7, 2013
02/13
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economy, a strong dollar is good for consumption, and consumption 70% of u.s. gdp. that's why u.s. equities in the currency war scenario i think is very accurate and actually look pretty compelling. >> i guess my only concern, getting back to the consumer spending, not seeing wage growth in the country and if we don't see wage growth consumers will have a tough time spending beyond their car or their house. that story has been done and documented. look at restaurants and the malls and look at retailers, it really isn't that strong of a picture so i think, you know, to say that the u.s. consumer is doing great is going to drive gdp. i don't know if we're seeing that. the retail sales numbers weren't that great today. >> i think it's all to some extent forward looking, but your point on income is a fair one. at the same time, income or, you know, the wealth of somebody increases with a stronger dollar and a higher home price so there's the income and the balance sheet side of the consumer. >> i guess the question is in terms of the broad economy. we know it's not necessarily fundamen
economy, a strong dollar is good for consumption, and consumption 70% of u.s. gdp. that's why u.s. equities in the currency war scenario i think is very accurate and actually look pretty compelling. >> i guess my only concern, getting back to the consumer spending, not seeing wage growth in the country and if we don't see wage growth consumers will have a tough time spending beyond their car or their house. that story has been done and documented. look at restaurants and the malls and...
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Feb 13, 2013
02/13
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>> the u.s. dollar has weakened so far this year because of the overall market risk move that we have seen. positive of surprises in the u.s. at the global level. and looking forward, we were bullish on the u.s. dollar because we see a market correction as the u.s. tightens fiscal policy substantially this year. >> how severe of a correction might that -- >> we believe for the rest of the year the euro/dollar will be closer to 1.30 or below, 1.35. >> really? >> also last week we believe in the way there's a ceiling on the strength of the euro warning that a fefbent strengthening -- fervent strengthing will affect inflation in the eurozone and projections are well below the 2% target. >> that's a fascinating point. we're going leave it here for now. plenty of news to get to. i want to pick up on that point especially about the euro in a second. you're see being a .2 move it the upside in the currency pair today. >> yeah. >> italy. >> one of the key things is italy offering buyers a 30-year bund fo
>> the u.s. dollar has weakened so far this year because of the overall market risk move that we have seen. positive of surprises in the u.s. at the global level. and looking forward, we were bullish on the u.s. dollar because we see a market correction as the u.s. tightens fiscal policy substantially this year. >> how severe of a correction might that -- >> we believe for the rest of the year the euro/dollar will be closer to 1.30 or below, 1.35. >> really? >>...
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Feb 11, 2013
02/13
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aside from providing the u.s. with the ever essential light bulb, edison's very first invention at the tender age of 22 was the universal stop printer. he sold it to the telegraph company for a total of $40,000. a lot of money back then. let's look at top utility companies this year. 127% gain over the year to date, period for oneoke. incredible. >> this next story is an auto person's nightmare. tesla gave a person a car. showing off the electric highway of charging stations to show people, hey, can you take the car on the road, no problem. the problem was, there was a problem. it ran out of juice along the way. listen, phil, you know, they got to give reviewers. cars, right? i get it. this is not an ideal outcome for tesla. >> no. and here is the reviewer, john broader with new york times and this is a picture of the tesla model and it is being towed away, once it runs out of juice. listen, this happens every once in a while. not every review will go perfect and yes, you will have an electric car that will occasi
aside from providing the u.s. with the ever essential light bulb, edison's very first invention at the tender age of 22 was the universal stop printer. he sold it to the telegraph company for a total of $40,000. a lot of money back then. let's look at top utility companies this year. 127% gain over the year to date, period for oneoke. incredible. >> this next story is an auto person's nightmare. tesla gave a person a car. showing off the electric highway of charging stations to show...
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Feb 22, 2013
02/13
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do you think the u.s. media is not being strayed in explain why it means for the u.s. economy? >> it gets into an either/or. is the president going to side with the union in his stakeholder base that really need the jobs or with the environmentalists? first of all, this won't make any difference on the greenhouse gases. we're committed to lowering greenhouse gases but it's displacing venezuelan oil so if i can say it again to the american media through you, it's displacing venezuelan oil. canada or hugo chavis? i think it's a pretty simple answer. >> it's a great point to make. sur sure. >> mike: thank you very much. ambassador doer joining us live from caad. does this create the perfect buying opportunity. and later does it get any raise year than this? danica patrick is the first woman ever to take the policy at the daytona 500. the question everyone has now is will she win the race? plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like every
do you think the u.s. media is not being strayed in explain why it means for the u.s. economy? >> it gets into an either/or. is the president going to side with the union in his stakeholder base that really need the jobs or with the environmentalists? first of all, this won't make any difference on the greenhouse gases. we're committed to lowering greenhouse gases but it's displacing venezuelan oil so if i can say it again to the american media through you, it's displacing venezuelan oil....
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Feb 1, 2013
02/13
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we have plenty of oil in the u.s. and there is concern about a key pipeline that was supposed to take crude from texas being delayed and being at full capacity until the fourth quarter. we have seen changes with the bomb here to the u.s. in 2007 where oil stood at last time the dow was at 14,000. back then, we saw tro pro ducks levels around 8.5 million barrels a day here in the u.s. now at 11 million per day. back then, prices 80 bucks. now at 98. that has to do with the fact that oil and equities seem to be moving quite a bit in tandem. back to you. >> sharon, thank you he much. and keeping with the rally and theme today. as well as an angle. fill is join issing us and phil i said i thought front to back, forth had the best looking group of new cars of any car maker out there. seems like customers agree. >> they had a soiled month. no doubt about that, brian. we will go over ford numbers in a bit. but first off, news that rhonda report january sales with increase of 12.8%. honda seeing a big game forty new accord. a
we have plenty of oil in the u.s. and there is concern about a key pipeline that was supposed to take crude from texas being delayed and being at full capacity until the fourth quarter. we have seen changes with the bomb here to the u.s. in 2007 where oil stood at last time the dow was at 14,000. back then, we saw tro pro ducks levels around 8.5 million barrels a day here in the u.s. now at 11 million per day. back then, prices 80 bucks. now at 98. that has to do with the fact that oil and...
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Feb 20, 2013
02/13
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the u.s. session. over here, the action's started. the sterling/dollar behind me, down .8%. we did fall below the 154 level. guys, we've been flirting with 153, below 153 in the last couple of minutes, as well. the first time we've been at these levels since last july. more significantly it comes as the bank of england saw governor king who's leaving outvoted with others on wanting to increase the size of the quantitative easing program. don't expect that they're sort of shedding any tears over the strong market reaction today when those minutes pass. the bank of england saying the weaker sterling is good for growth. a lot of britains tonight agree as they look at a continuing rob of their discretionary purchasing power. that story is something not just britain is dealing with for the time being. what it is doing, if we can flip over to the market reaction for stocks, is helping bolster the ftse. so after hitting the five-year highs, now punching above the 6,400 level for the first time since
the u.s. session. over here, the action's started. the sterling/dollar behind me, down .8%. we did fall below the 154 level. guys, we've been flirting with 153, below 153 in the last couple of minutes, as well. the first time we've been at these levels since last july. more significantly it comes as the bank of england saw governor king who's leaving outvoted with others on wanting to increase the size of the quantitative easing program. don't expect that they're sort of shedding any tears over...
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Feb 26, 2013
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and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks. we saw yesterday and you know he's not becky. you did say here with becky. he was sitting right there. he looks nothing like her. >> every morning when you say the same thing -- >> i know. andrew and cliff. but before we get to home depot and is home depot is out and we're going to do this as quickly as possible. but there will be political maneuvering on what happened yesterday in the markets based on the sequester the.and because people don't watch it as closely as us, they're going to see the sequester is n
and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks....
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Feb 11, 2013
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then the u.s. fiscal cliff. i think a number of consumers said, look, i will will hunker down until i see clarity. we think that exactly what we got at the beginning of the year. u.s. did not go over the fiscal cliff. we will see some flash point with congressional leaders, leader this year. by and large, even though the unemployment data isn't what we expected, the revisions were pretty good. >> anything that keeps you up or details you or significantly changes the forecast? >> of course we do worry about the rise of the euro. so the euro area is still somewhat meyered in recession. we're hoping they will pull out of it from this year. but a strengthening of the euro certainly makes that road a lot harder for europe since they are a big expert oriented economy. that's one thing of course if it rises too far too fast, that could be a big concern. and ride? crude oil prices is something else that could be detrimental. we don't see that as a big issue because as we saw in the trade data on friday, we have nothing
then the u.s. fiscal cliff. i think a number of consumers said, look, i will will hunker down until i see clarity. we think that exactly what we got at the beginning of the year. u.s. did not go over the fiscal cliff. we will see some flash point with congressional leaders, leader this year. by and large, even though the unemployment data isn't what we expected, the revisions were pretty good. >> anything that keeps you up or details you or significantly changes the forecast? >> of...
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Feb 28, 2013
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the u.s. economy must be slowing. right? i mean, on account of all that negative stuff people keep talking about. guess what. today made the notion seem fanciful. we got good macro, meaning we saw durable goods data, showing demand for machinery rose the most in two years. how does that happen? it comes on top of the recent increase in container board, the corrugated box stuff that your packages come in, fedex and stuff. one of the most sensitive economic indicators out there and then a $50 increase in sheet steel, it fell from a match by ak steel. and you cannot put through container board and steel price hikes in a weak economy. you would say, no, no. i need more evidence. take a look at transports, incredibly sensitive to commerce. today they rallied the most since july last year. jb hunt, almost up four points, 52-week high. i don't talk about the truckers enough, my bad. i spend too much time on transporters like ups. a name my charitable trust bought more of. and fedex. but the truckers are a fabulous indicator of econ
the u.s. economy must be slowing. right? i mean, on account of all that negative stuff people keep talking about. guess what. today made the notion seem fanciful. we got good macro, meaning we saw durable goods data, showing demand for machinery rose the most in two years. how does that happen? it comes on top of the recent increase in container board, the corrugated box stuff that your packages come in, fedex and stuff. one of the most sensitive economic indicators out there and then a $50...
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Feb 4, 2013
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let's see how this is all going to impact the u.s. session here. we have the head of u.s. equity and quantitative strategy with bank of america, merrill lynch. nice to see you. >> nice to see you, too. thank you for having me on. >> we've been able to put europe on the back burner, but right now it might bring back bad memory for investors that this is exactly what derailed us a year ago. >> it's eerily similar. you know, i think, though, that the big surprise for the u.s. equity market is that we might not see a pullback. i feel like everyone's expecting one. and we might not actually see one. for a bunch of reasons. i mean, last year, i think one thing that was a little bit different was that sentiment was not as negative as it was at this point, where we are today. if you look at wall street strategists, equity allocation is still sub 50%. you've still got a lot of strategists with price targets below where the market is today. i feel like a lot of investors have regarded this rally that we've seen so far as, you know, too far, too fast. yet it might not be. i think we
let's see how this is all going to impact the u.s. session here. we have the head of u.s. equity and quantitative strategy with bank of america, merrill lynch. nice to see you. >> nice to see you, too. thank you for having me on. >> we've been able to put europe on the back burner, but right now it might bring back bad memory for investors that this is exactly what derailed us a year ago. >> it's eerily similar. you know, i think, though, that the big surprise for the u.s....
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Feb 18, 2013
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relative to the u.s. again, for a country that has its own printing press, you have to wonder if it's not more about inflation concerns. >> it is well and truly alive in britain with regard to its curren currency. plenty more to come on "worldwide exchange." see you in a few minutes. >>> the yen resumes its slide lower. the nikkei is up. the finance minister defending his stimulus plan in a cnbc exclusive. >> uk finance minister george osborne denies a warning to japan and says leader less follow through with their pledge. >> we have a common approach to this and the common approach is we're not going to use currencies as a tool of economic warfare. >> and investors say the latest restructuring, natixis is up after the french lender unveils a simpler structure and the special dividend. >> and the latest polls suggest bersani's party has a narrow lead in itly. jay you're watching "worldwide exchange," bringing you business news from around the globe. >>> markets are relatively quiet, save for japan. get to
relative to the u.s. again, for a country that has its own printing press, you have to wonder if it's not more about inflation concerns. >> it is well and truly alive in britain with regard to its curren currency. plenty more to come on "worldwide exchange." see you in a few minutes. >>> the yen resumes its slide lower. the nikkei is up. the finance minister defending his stimulus plan in a cnbc exclusive. >> uk finance minister george osborne denies a warning to...
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Feb 6, 2013
02/13
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u.s. futures -- yelp. u.s. futures showing modest positives, barely if you take into account the dow adding literally one point. the nasdaq andipeis roughly unchange -- and s&p roughly unchanged. wiped out the losses from monday. we're looking at key levels. less than 80 points away from 14,000 on the dow. 1,-506 for the s&p. >>> the nikkei having a great run. up 3.77%. the yen is down at 33-month lows against the dollar and the euro. we sat down earlier than he was planning to meaning the monetary policy will start earlier, as well. interesting that there was chatter in the market yesterday. it took until today to be an excuse for the market to move higher. that yen and the nikkei link continues unabated essentially. that's where we stand ahead of the u.s. open. >>> let's remind you what some of the guests already today have told us about what you should do with your money. >> there's very lid out there in the spanish market which doesn't have an alignment roughly with where value is now. it's not a market tha
u.s. futures -- yelp. u.s. futures showing modest positives, barely if you take into account the dow adding literally one point. the nasdaq andipeis roughly unchange -- and s&p roughly unchanged. wiped out the losses from monday. we're looking at key levels. less than 80 points away from 14,000 on the dow. 1,-506 for the s&p. >>> the nikkei having a great run. up 3.77%. the yen is down at 33-month lows against the dollar and the euro. we sat down earlier than he was planning to...
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Feb 6, 2013
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look at u.s. gypsum. play on housing recovery. great comment. our results, strongest we have seen in over three years. continuing to see signs. housing recovery. wait a minute, take a look at the stock. to the down side. problem here, they have another business. ceiling tiles. you the tiles you see in your offices? that is very poor. commercial business very uneven. stocks down a little bit. big truck engine maker. big global truck engine maker. this is what they said. uncertainty surrounding turn and pace of improvement in end markets in 2013. these guys, 60% of revenues outside the united states. good global indicator. the stock moved up but it is standing right near the top its range right now. that is the problem, mandy. we still don't have a lot of certainty on what 2013 is going to look like. that may be a problem for stocks in february. mandy? >> okay. bob pisani, thank you very much for laying it out for us. >> mandy, as our viewers know. many big time tech tight yoons have taken a beating over the last couple of years. dell will be exti
look at u.s. gypsum. play on housing recovery. great comment. our results, strongest we have seen in over three years. continuing to see signs. housing recovery. wait a minute, take a look at the stock. to the down side. problem here, they have another business. ceiling tiles. you the tiles you see in your offices? that is very poor. commercial business very uneven. stocks down a little bit. big truck engine maker. big global truck engine maker. this is what they said. uncertainty surrounding...
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Feb 25, 2013
02/13
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that there's u.s. components inside of i.e.d.s in iraq and afghanistan. >> the government learned that the u.s. manufacturer had sent the chips to dubai. they were sent on to iran and then given to insurgents in iraq. settles also showed me u.s. items smugglers were caught buying for iran that could be used in their nuclear program. ballistic missile parts. tiny radar components. and these sensitive devices crucial to build a nuclear bomb. >> the pressure transducers. >> pressure transducers. >> yes. it's an integral part of enriching uranium. >> iran may have succeeded in obtaining these. look at this photo of president ahmadinejad in iran's nuclear facility in natanz. >> right behind him is an american transducer looking exactly like this thing. >> yes, the iranians were trying to acquire these transducers. >> one reason it's so hard to enforce the sanctions is that many items iran wants are sold for non-military uses, like this little widget-- a triggered spark gap. >> the triggered spark gap can be
that there's u.s. components inside of i.e.d.s in iraq and afghanistan. >> the government learned that the u.s. manufacturer had sent the chips to dubai. they were sent on to iran and then given to insurgents in iraq. settles also showed me u.s. items smugglers were caught buying for iran that could be used in their nuclear program. ballistic missile parts. tiny radar components. and these sensitive devices crucial to build a nuclear bomb. >> the pressure transducers. >>...
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Feb 14, 2013
02/13
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the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a stock market boom, too. >> dean, the name of your firm is macro, right? >> yes. >> so you're used to looking macro? >> yes. >> but typically, three were four, five years ago, isn't your first thing that you talk about, you mentioned washington, the sequester, the debt ceiling, every single thing you mentioned was policymakers. has it always been like that or is this a different period for your firm? >> this is i think pretty new. >> so it's hard to avoid talking about those things, right? >> that you have to pa
the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a...
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Feb 20, 2013
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what is happening is this -- all this o oil in the u.s. is being generated and it has to get somewhere p. so the pipelines are strained for capacity. so where is it going to go? railroads are a great opportunity. and there's track already laid that they can utilize to move that oil to where it needs to go. >> marathon mpc make the case. quickly please jill. >> marathon, same thing. refiners, what has been holding up energy in the u.s., is limited capacity for refiners. they have a long runway ahead of them even though they add great run up last year. >> jill that was good. thank you for joining us. >> did move her through that. more like a hustle than a boogie. >> there you go. >> taxpayer toga party. how america is getting drunk on student loans and maybe has little if nothing to show from it. the patient, presented with a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving
what is happening is this -- all this o oil in the u.s. is being generated and it has to get somewhere p. so the pipelines are strained for capacity. so where is it going to go? railroads are a great opportunity. and there's track already laid that they can utilize to move that oil to where it needs to go. >> marathon mpc make the case. quickly please jill. >> marathon, same thing. refiners, what has been holding up energy in the u.s., is limited capacity for refiners. they have a...